A statue symbolising the hand of Iran's late Supreme Leader Ayatollah Ali Khamenei next to a billboard depicting US President Donald Trump laid in a coffin, in Tehran, Iran, on July 23, 2026.
via REUTERS
The ongoing conflict is severely impacting Iran's economy and oil exports, while also affecting Gulf Arab states and contributing to rising fuel prices in the US
Iran has threatened retaliation against US attacks on its assets, warning that energy infrastructure in the Gulf is vulnerable.
Tensions have escalated with recent strikes between the US and Iran, and Iran has announced new restrictions on shipping through the Strait of Hormuz.
